Do you have any questions? We have the answers.
FAQ
General
Our legal structure provides for the purchase of your co-ownership shares either privately or through your independent US company (so-called single- or multi-member LLC), for which a bank account is maintained at our partner banks. If a company is set up for you, the bank account will be taken over by a local, German-speaking lawyer as your personal trustee. If you also wish to have a private account, this can also be set up with one of our partner banks.
As a project developer, Daria US Development LLC has focused exclusively on Cape Coral in southwest Florida and - in line with its slogan - builds according to German premium quality standards. For this purpose, we have assembled an extensive team of experts with many years of local experience. We are developing an exclusive new district in the north of Cape Coral with its own infrastructure. For this purpose, our real estate projects are embedded in the German-American Cape Coral Social Club, which provides extensive services to our co-owners and invests the generated surpluses in local social projects.
Concept
Real Estate & Realization
The construction completion and ready for occupancy with all interiors is planned 12 months after the start of construction. Since we only build plots on the canal, a so-called "seawall" must be put in place before construction begins, if it is not already in place. This usually takes about 6 months.
All running costs and reserves are to be covered by renting your property externally for 12 weeks a year. This way we want to make sure that no sudden and unexpected additional costs will come up in the future. You only pay the usual and variable costs during your stay (electricity, water etc.).
It is of utmost importance to us that your property is insured against any eventuality. Our property management works with the most reputable local insurance companies.
This has to be checked individually - Daria US has direct, local contacts to banks and is happy to establish the contact.
Many customers acquire several shares. It is also possible to purchase an entire property. Some customers also plan to gradually acquire further shares. Each co-owner also has the right of first refusal if other co-owners wish to sell their shares.
As in any real estate market, local land and property prices vary and are always dependent on market developments. In the medium term, due to the excellent macro- and micro-economic conditions, steady price increases have been achieved in this region in the past. Rental yields of comparable villas have been 8-12% per year in the past. Of course, past values are no guarantee for future development.
As a co-owner, you can decide for yourself how and with whom you want to use the villa - regardless of whether you are present or not.
Our interior designers will furnish your villa according to the highest European quality standards.
Each co-owner will receive his or her individual income statement from the U.S. tax advisor as well as the U.S. tax return to be filed (so-called Form 1040-NR). These returns are to be reconciled with your local tax advisor in your respective state of residence. When designing the legal structure, we have explicitly worked out the avoidance of double taxation - our advisors will be happy to explain this to you in a personal meeting.
Primarily we try to organize a letting to your co-owners or our community members, because they naturally treat the objects particularly "affectionately". Furthermore, we have founded our own rental company, which - compared to local rental agencies - will rent out your time of use to external vacationers at a much lower cost. We can not guarantee a rental, but the rental statistics for comparable properties in Cape Coral show that a very high occupancy rate is given.
Co-Ownership
The importance of co-ownership
Yes - the so-called Co-Ownership Model is real property ownership. You own your share of the property through a local owners' association, which was set up specifically for your property in the USA. Together with the other co-owners you are also connected in a local partnership, which organizes the external renting.
Generally, you can sell your co-ownership share at any time. Rights of first refusal exist for the other co-owners of your villa, community members, and DARIA US. If the right of first refusal of the mentioned parties is not exercised, you can sell to any potential external new buyer.
The value of your property develops in line with the local real estate market. It is of utmost importance to us that you, as a co-owner, have a good purchase price and thus benefit from rising market prices.
Each premium villa is divided into 35 equal co-ownership shares so that each co-ownership share represents of the property 8 days of owner occupancy per year. Furthermore, we have developed the concept that owner occupancy is limited to 40 weeks per year and the remaining 12 weeks are leased out to cover running costs. With this we want to achieve that you as a co-owner do not have to make annual additional payments for insurance, taxes and reserves.
The so-called co-ownership model is real, full-fledged real estate ownership. With the timeshare model you only get a right of use without real ownership, usually for a residential unit in a resort. With our model, on the other hand, you become a co-owner of a beautiful premium villa.
Property Management
Letting & administration
Our property management takes care of all aspects of your villa. Whether local cleaning, pool or garden services. Also maintenance and repairs on the property will be done for you.
You can easily and conveniently manage your stay through our booking system.
Furthermore, there will be a kind of "free marketplace". Here the co-owners as well as members of the community can exchange and manage their co-ownership shares as well as usage times among each other. So you always have the possibility to be on-site at the desired time.
Primarily we try to organize a letting to your co-owners or our community members, because they naturally treat the objects particularly "affectionately". Furthermore, we have founded our own rental company, which - compared to local rental agencies - will rent out your time of use to external vacationers at a much lower cost. We can not guarantee a rental, but the rental statistics for comparable properties in Cape Coral show that a very high occupancy rate is given.
Social Club
Investor Community
We believe that all co-owners treat their homes with due care. Nevertheless, there is a code of conduct that all owners and community members should follow.
Our event agency fulfills almost all your wishes and makes your stay unforgettable. No matter what you want - you can reach the concierge service directly via the community app or by phone around the clock.
"Everything can - nothing must" is the motto of the community. You always have German-speaking contact persons on site. There are also other community members on site with whom you can undertake joint activities. Thereby friendships, business relations and you can even build up your own business activities on site. DARIA US and the community will support you in this.
